Take-Two makes good with FTC

Take-Two will cooperate with the FTC's probing of the company in regards to Electronic Arts' persistent courtship, according to the publisher's most recent SEC filing (via GameDaily). Last week a U.S. Court set a hearing for June 24 to determine whether or not they company was in compliance with the FTC. According to the latest filing, Take-Two's agreement alleviates the need for a court appearance.

While stating it intends to cooperate fully, Take-Two noted that it would "appropriately limit the scope of its production of information and witnesses ... [We are] pleased that a resolution has been reached that should substantially reduce the economic burden on the Company and focus the inquiry in a way that should minimize the distraction to the Company's employees."